Stocks in the news: Apple, Google, Palm, McDonald's, Talbots, Kraft

Some of the companies making headlines today:

Kraft Foods Inc. (KFT) is in talks to arrange about $8 billion of financing for its bid to buy candy maker Cadbury Plc (CBY), according to two people with knowledge of the matter. It also plans to cut its supplier base in half, a move that would affect more than 30,000 companies, as it looks to save more than $300 million a year.

Apple (AAPL) is expected to launch new iPods at a music event at 1 p.m. Eastern. Apple 2.0 summarizes some of the expectations from the event, which include iPod camera.